PredictiveMetrics (PMI) is to integrate its Net30Score product into SunGard’s AvantGard receivables solution. AvantGard Receivables is designed to help credit and collections professionals to improve liquidity management by delivering solutions for operational control and visibility of treasury, receivables and payments operations. PredictiveMetrics’ Net30Score predicts the likelihood that a customer will become delinquent, go to write-off, or file for bankruptcy within six months of the date the customer was scored. Once integrated, the new solution should help customers to utilize statistical-based credit scoring as the basis for the development of risk-based collection strategies. Net30Score uses a company’s internal accounts receivable data, data that is free and has been proven to be the most predictive, to produce portfolio collection scores that are validated to quantify an existing customer’s inherent risk.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.